Evli Corporate Finance is pleased to announce that it has acted as lead financial advisor to ITAB Shop Concept on the acquisition of La Fortezza Group.
La Fortezza is one of southern Europe's largest players in shopfitting, with its head office in Bologna, Italy. The group also has operations in France, Spain, Portugal, Russia, Argentina, Dubai and Malaysia. Sales in 2015 amounted to EUR 138m and the company has approximately 630 employees.
The purchase price for the shares is equivalent to EUR 85m on a debt free basis, with an additional purchase price of a maximum of EUR 20m based on La Fortezza’s performance until the end of 2017. Completion is subject to customary regulatory approval.
ITAB is one of Europe's largest suppliers of shopfitting concepts, checkouts and lighting systems.
For more information please contact:
Patrik Isberg, +46 73 069 8041, firstname.lastname@example.org